Truist Securities Maintains Buy on Lowe's Companies, Lowers Price Target to $235
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli maintains a 'Buy' rating on Lowe's Companies (NYSE:LOW) but has lowered the price target from $256 to $235.
October 05, 2023 | 1:02 pm
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NEUTRAL IMPACT
Despite the lowered price target, Truist Securities maintains a 'Buy' rating on Lowe's Companies, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term price volatility. However, the maintained 'Buy' rating indicates that Truist Securities still sees value in Lowe's Companies, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100